ME Bank and ISA feel Parliamentary Committee heat

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11 May, 2020

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Markets express their five stages of grief

The five stages of grief can help to explain the violence of modern markets as we grieve the loss of the pre-pandemic environment. For more.

Average early release below $10,000

The average early release of super for financial hardship withdrawals is around $8,000, below the $10,000 maximum. For more.

T. Rowe Price launches global high income fund

T. Rowe Price has announced the launch of its new Global High Income fund for Australian investors which will be “highly complementary” to its Dynamic Global Bond fund. For more.

Six-month deferral for Royal Commission commitments

The implementation of recommendations from the Royal Commission will be deferred for six months to allow the industry to deal with the impact of COVID-19. For more.

ME Bank reverses redraw move

Industry funds-backed bank, ME Bank has reversed its home loan redraw limits decision. For more.

Macquarie profits down 13% for 2H20

Macquarie Group has posted a net profit after tax of $1.27 billion for the second half of the year, down 13%, due to economic effects of the COVID-19 pandemic. For more.

Editorial

Criticisms of life/risk advisers don’t hold water

With the Australian Securities and Investments Commission’s review of the Life Insurance Framework just around the corner, the last thing life/risk advisers need is criticism based on selective interpretations of industry data. For more.

InFocus

InFocus: Have NAB and CBA left their wealth exits too late?

Mike Taylor writes that timing is everything and that while Westpac and ANZ have largely cleared their books of their wealth management businesses, the Commonwealth Bank and National Australia Bank continue to have a problem. For more.

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